If you are looking forward to selling your property fast, you will do well to move away from the traditional route and opting for a quick house sale. You will do well to start with seeking advice from companies that specialize in buying houses for sale. This ways, you are able to avoid the pain of having to pay solicitors and estate agents huge sums of money in fees. Furthermore, you will also not be at their mercy. Here are some top secrets to your quick house sale:
No matter the reason you have decided to sell your property through a quick house sale, it is important to ensure that you pay attention to every step of the process so as to get the best deal possible. Remember, every single party involved has their own interests hence if you are not keen, you might be taken advantage of.
A quick house sale is a mode of disposing of property that lets property owners dispose of property fast while being to save money in the process. In most cases, property owners opt for a quick house sale owing to difficulties they are going through that include divorce, relocation and being in debt among others. Owing to the legal implications involved, the process usually involved solicitors. So then what is their role in a quick house sale?
First, you need to understand that any quick house sale transaction will involve at least two independent solicitors especially where cash payment is involved. That is, there will be a solicitor representing the seller and another one acting on behalf of the buyer of the property.
Secondly, these solicitors will take up the role of legal representatives for the property ownership transaction. Mainly, they will work on the terms of the exchange of the home. The end result is seeing to it that one party gets a deal on the property in question while the company is able to buy it within a reasonable time and at a good price.
You need to understand that the terms may be altered until a deal is reached. This is done with the view of being able to accommodate the two parties at the center of the transaction while ensuring that they each get a good deal on the property they are buying/selling. Thus, it is important for the solicitors to ensure that the two parties are well accommodated as this also makes the transaction easier.
Unlike the traditional sale where there would be a series of reviews of the property to ensure that is it ideal for sell, solicitors will usually not ask for searches on property in a quick house sale. This is deemed an advantage of the quick house sale because the seller does not have to deal with having many visitors on the property during the sale process.
Solicitors are also responsible for generating and overseeing the signing of contracts that are used for the quick house sale. In fact, the contracts are exchanged between the two solicitors representing the buyer and the seller during which a completion data is used. The completion date usually entails collection of keys to the property by the buyer while the seller gets money for the property. This date is usually determined by the solicitors acting on behalf of the buyer and seller.
One of the valuable features about solicitors in the quick house sale is that they are usually free for the seller. That is, the seller is at liberty to work with the solicitor that has been engaged by the company that is buying the property. However, this is not mandatory hence you can also opt to have a solicitor that is independent to handle your transactions and have them covered for some hundred pounds being the cost of their services.
Overall, solicitors are important in any quick house sale transaction as they will help in overseeing a smooth transition of property ownership from the seller to the buyer while ensuring that both parties are satisfied with the deal.
Valuation is one of the important aspects that come into consideration when buying or selling property. This is because through valuation, buyers as well as sellers are able to understand how much the property is worth before accepting offers from potential sellers or buyers. In some instances, it is the location is given more weight when estimating the value of property thus making the importance of carrying out a valuation more obvious. So then, what are the advantages of getting a property valuation done?
Advantages of Valuation
Apart from being able to tell how much your property is worth, here are two major advantages of understanding valuation:
If you are looking to buy property, it is important that you understand the real worth in order to be sure that in the end you will settle for the best bargain. Thus, you will need to establish how much the property you are interested in can fetch in the market to be sure that you are investing your money in the right place.
Secondly, in the cases where you are seeking to financing through a mortgage or bank loan in order to facilitate the purchase of the property, your lender will request to see an appraisal report from property valuation experts. With this, they can then determine whether you can sell your property for a minimum of the loan amount that you are seeking. Consequently, lack of a valid report could mean that the lending institution will not heed to your request for financing.
Valuation is a crucial step when selling property as you need to know how much you can ask for from potential buyers. In fact, without this information you might end up giving your property away at a throw away price. Remember, buyers are always looking for the best bargain thus if you are not well informed on the market value of your property then it is highly likely that you may close a deal only to end up losing out especially when you sell to an informed buyer who has already done an independent valuation of the property you are disposing of.
Ultimately, whether you are buying or selling property knowing its worth is the key to finding the best deal and there is no better way to find out the market value than through a valuation. Even then, you will do well to get a reputable property valuation professional to determine how much your property is worth. Be sure to stay clear of unscrupulous valuers who may give you misleading information that could result in losses.
Alternatively, you may also carry out a quick valuation using the online valuation tools that are on offer from different property valuers who have an online presence. However, the only challenge with this is that you may not receive documentation that you can use as an official document especially when seeking to be financed.